SPAC & IPO Ideas
- Thread starter Blazin
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
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I’ve said it before, but market related Reddit and other social media, especially after GME, has went way down the shitter from the shitpool it already was. Hopium? Fuck, I don’t think that’s enough to describe it. What’s the next level of hopium?
For some god awful reason these Gen-Z fucks that have infested everything stock related don’t want to hear anything realistic about anything.
These bumblefuck idiots have been told from birth whatever they think should be, is going to happen, and they won’t hear it any other way.
They’ll post conspiratorial news stories from dubious blog sites as financial fact all day, but the second anyone gives a rational, thought out, mathematical reasoning why a stock is going to go up or down they’re met with a flood of downvotes or shitty comments. The mere fact they think everything related to a stock going down in price is because of manipulation or “TEH HEDGIES” makes me want to holocaust them.
It’s as if their parents gave them copies of “The Secret” at birth and read it to them as a bedtime story. I can only hope this crop of idiots continues to lose money so they stop participating.
Jysin
Ahn'Qiraj Raider
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Of course its beyond ridic .. but fun to read the speculation nonetheless.
The other end of the spectrum joke about a Subway DA. Either way, I am confident that any announcement will pay handsomely.
For fucks sake, Shaq-SPAC ($BOWX) / WeWork hit >$12 into the close today (was 9.70 yesterday before the announcement). If that dumpster fire can get 20% over nav, I can rest easy with any DA for PSTH.
The other end of the spectrum joke about a Subway DA. Either way, I am confident that any announcement will pay handsomely.
For fucks sake, Shaq-SPAC ($BOWX) / WeWork hit >$12 into the close today (was 9.70 yesterday before the announcement). If that dumpster fire can get 20% over nav, I can rest easy with any DA for PSTH.
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Sanrith Descartes
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I'm playing PSTH like every other SPAC. He either gives me a good company or I dump at the merge.
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A Cathie Wood ETF Has Bought Into a Serena Williams-Backed SPAC
(Bloomberg) -- Cathie Wood’s ARK Autonomous Technology & Robotics exchange-traded fund has bought shares of a blank-check company backed by tennis star Serena Williams.In recent days the ARKQ ETF purchased about 800,000 shares in Jaws Spitfire Acquisition Corp., according to data from ARK...
Sanrith Descartes
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ARKK is a dumpster fire in the making in my opinion. I know it made a ton of cash last year but... I am not seeing it being able to reproduce anywhere near the returns this year. I hope I am wrong for the sake of those here who bought in.
A Cathie Wood ETF Has Bought Into a Serena Williams-Backed SPAC
(Bloomberg) -- Cathie Wood’s ARK Autonomous Technology & Robotics exchange-traded fund has bought shares of a blank-check company backed by tennis star Serena Williams.In recent days the ARKQ ETF purchased about 800,000 shares in Jaws Spitfire Acquisition Corp., according to data from ARK...finance.yahoo.com
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Blazin
Creative Title
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Why is that the bar? It's just an ETF if you don't think DOCU, TSLA, TDOC, ZM, SHOP, PLTR, etc are going to out perform the market certainly nothing wrong with that opinion, but they don't have to go up 100%+ a year to be a reasonable investment. Which investments in particular make it a dumpster fire?
Sanrith Descartes
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I feel the stay at home plays which produced amazing returns will continue to fall as more openings happen. While I believe companies will at first adopt the telecommute idea, when they see production still suck and more employees jump on the "since I am working from home you should subsidize my utilities and food" movement, the employees will be recalled.
TSLA at a 10% weight is highly risky as VW is making a concerted push into the EV space. GM has more potential to cause damage in the space than they previously have, but I view VW as the real threat. BMW will snipe some market share from the pricier model S market (which is the higher margin product for TSLA). Teledoc is a feel good idea that won't stick. I pay for it as a benefit for all my employees and usage is zero. We continue to have training and informative sessions about it but it is a product that gets zero traction with most people.
The other major concern I have is the sustainability of ARKK to handle redemptions. Especially now, those redemption are hurting them. I could be 100% wrong and I hope I am for the investors. I think those that got in sub-75 or 100 are good, those that got in near the high are going to be disappointed and may not stick around which will drove more selling pressure.
Khane
Got something right about marriage
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I'd wager that consolidating or even completely removing the need for office space/buildings will save companies more than subsidizing utilities and food would cost them. I imagine most companies don't subsidize food via office cafeterias/daily lunch deliveries so wouldn't subsidize food for telecommuting.
Blazin
Creative Title
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There is a good bit on that list besides Work from Home stocks. Lockdowns accelerated trends that were already in place (online shopping/cloud based operations etc) The world is not going back because their are advantages to these new systems. PLTR , SQ, Z SHOP, TSLA DKNG U and on and on down the list all will not slow because of the end of lockdowns. In fact there are only 3-4 names on the list that could make any kind of argument that their growth is directly related to lockdowns. TSLA is always scary thats not new, high growth and safe play don't go together. You know me that I am on the safer side as well but there is never a safe time to buy hyper growth . They are high risk high reward.
As far as TSLA those companies had a chance to smother the baby in the crib back in 2018 and they failed hard. First mover advantage is huge. I tell ya what, pick your poison and give me an alternate investment based on Friday's close and then let's have a gentlemen's look at ARKK vs your choice on Dec 31 2021 .
ARKK 3/26/01 close $113.97
Sanrith Choice 3/26/01 Close $...
Sanrith Descartes
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Gimme a week, I am soaking up the sun in S FL this week. And by God the market best not throw a tantrum while I am away. I have it mostly on auto-pilot between my puts expirations and current positions for this week.
Sanrith Descartes
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Jysin
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This is very considerable in high cost of living cities. I have a friend who is in a VP role at Goldman Sachs London and we were discussing this last year. Well before the pandemic had hit, they were already drafting up plans to a shift to remote work / suburban office hubs. Off the top of my head, he had mentioned they worked out for every desk at the London GS office, the cost was about 200k+ GBP (280k USD) per year. They were well on their way to reducing these costs. The pandemic just slammed everything into fast forward.
Sure, there will be a lot of businesses returning to the workspace, but a hell of a lot that aren't. Certainly never back to pre-pandemic levels. Compound this with places like NY that are fleeing to tax havens like NV, TX, FL. The big city metro areas are going to have to reinvent themseleves.
Bankers and Wall Street executives are fleeing New York and moving to Florida in droves as the pandemic makes remote work look more permanent
Financial industry workers are drawn to Florida because of its warm weather, low taxes and affordable real estate.
www.businessinsider.com
Hateyou
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I doubt it. Our call centers metrics have gone way up since the work at home shift. They can close/repurpose 70k sq ft of office space at our building. They’ve also cut out all the HR drama that comes with a 70k sq ft call center full of low paid women. Fights over men, fights over what soandso said about soandso, fights over nothing, etc.
People have been asking for work at home allowances for the past year and they just say “no, but you can take your office chair, stand up adapters, etc home.” They’ve also countered with how much savings in gas and free time gained by not driving.
Sanrith Descartes
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Maybe it is just up here, but we recalled everyone because productivity went to shit. Could just be that NYers are basically lazy trash.
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